Word: answering
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What’s so wrong with that, you ask? What’s wrong with allowing people to make choices that in turn make them feel better about themselves? To be honest, I don’t really have an answer other than that it’s tragic that one must feel thin in our society to feel happy and that it must be exponentially more painful to wear skinny jeans than it is to watch someone wearing them...
...along with Democrats in Congress, disenfranchised millions of Republicans across America with his agenda. While serving in Congress has become more of a career rather than a call to public service, it seems the commander-in-chief is paving that path. Barack Obama once wrote, “The answer I settle on sees our democracy not as a house to be built, but a conversation to be had.” As president of the United States, the only conversation he wants is with those who acquiesce...
Stiglitz participated in a question-and-answer session with J. Cullen Murphy Jr., the editor-at-large at Vanity Fair, as part of a book tour promoting his recent release on the financial crisis titled “Freefall: America, Free Markets, and the Sinking of the World Economy...
...Still, doves want to know why he isn't providing even more gas. Part of the answer is that he doesn't seem to think that pouring more cash into the banking system would generate many jobs, because liquidity is not the current problem. Banks already have reserves; they just aren't using them to make loans and spur economic activity. Bernanke thinks injecting even more money would be like pushing on a string...
...rest of the answer is that Bernanke believes a Fed chairman needs to act like he's worried about inflation - and actually worry about inflation - even when he doesn't think it's around the corner. Inflation fears may not be justified by data today, but they can be self-fulfilling tomorrow, and the hawks who harbor them are quite influential on Wall Street. If markets and Chinese bondholders start to lose confidence in the value of the U.S. dollar, that could trigger another panic, regardless of the rationality of their fears. A little inflation might be a good thing...